Analysts expect that Hilltop Holdings Inc. (NYSE:HTH) will report earnings of $0.32 per share for the current quarter, Zacks reports. Two analysts have made estimates for Hilltop’s earnings, with the highest EPS estimate coming in at $0.36 and the lowest estimate coming in at $0.28. Hilltop reported earnings per share of $0.27 in the same quarter last year, which would indicate a positive year over year growth rate of 18.5%. The company is expected to report its next earnings report on Tuesday, April 24th.
According to Zacks, analysts expect that Hilltop will report full year earnings of $1.98 per share for the current fiscal year, with EPS estimates ranging from $1.87 to $2.11. For the next fiscal year, analysts forecast that the company will report earnings of $2.19 per share, with EPS estimates ranging from $2.05 to $2.33. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Hilltop.
Hilltop (NYSE:HTH) last issued its quarterly earnings data on Thursday, January 25th. The financial services provider reported $0.44 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.02. The firm had revenue of $399.15 million for the quarter, compared to analysts’ expectations of $390.05 million. Hilltop had a net margin of 7.74% and a return on equity of 8.46%.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Hilltop from a “sell” rating to a “hold” rating and set a $30.00 price objective on the stock in a research note on Wednesday, January 10th. Stephens cut shares of Hilltop from an “overweight” rating to an “equal weight” rating in a research note on Monday, January 29th. Finally, Piper Jaffray reaffirmed a “hold” rating and set a $30.00 price objective on shares of Hilltop in a research note on Sunday, January 28th. Four analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $34.38.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB bought a new stake in shares of Hilltop during the fourth quarter valued at approximately $211,000. MetLife Investment Advisors LLC bought a new stake in shares of Hilltop during the fourth quarter valued at approximately $872,000. Westwood Holdings Group Inc. grew its stake in shares of Hilltop by 28.6% during the fourth quarter. Westwood Holdings Group Inc. now owns 136,327 shares of the financial services provider’s stock valued at $3,454,000 after purchasing an additional 30,337 shares during the last quarter. Millennium Management LLC grew its stake in shares of Hilltop by 8.7% during the fourth quarter. Millennium Management LLC now owns 843,779 shares of the financial services provider’s stock valued at $21,373,000 after purchasing an additional 67,876 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its stake in shares of Hilltop by 18.4% during the fourth quarter. TIAA CREF Investment Management LLC now owns 685,182 shares of the financial services provider’s stock valued at $17,356,000 after purchasing an additional 106,595 shares during the last quarter. 60.17% of the stock is currently owned by institutional investors and hedge funds.
Hilltop stock traded down $0.15 during trading hours on Tuesday, hitting $23.57. 485,874 shares of the stock were exchanged, compared to its average volume of 301,945. The company has a current ratio of 1.01, a quick ratio of 0.85 and a debt-to-equity ratio of 0.03. The stock has a market capitalization of $2,276.83, a price-to-earnings ratio of 14.20 and a beta of 1.12. Hilltop has a 12 month low of $21.47 and a 12 month high of $28.86.
Hilltop announced that its Board of Directors has authorized a stock buyback program on Thursday, January 25th that permits the company to buyback $50.00 million in outstanding shares. This buyback authorization permits the financial services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.
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Hilltop Holdings Inc provides banking and financial products and services. Its Banking segment offers savings, checking, interest-bearing checking, and money market accounts; certificates of deposit; lines and letters of credit, home improvement and equity loans, loans for purchasing and carrying securities, equipment loans and leases, agricultural and commercial real estate loans, and other loans; and commercial, industrial, and single family residential mortgage loans.
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